Formula 1
F1 reaches new deal with Pirelli as tire supplier until 2023
Formula 1

F1 reaches new deal with Pirelli as tire supplier until 2023

Published Nov. 25, 2018 7:14 a.m. ET

ABU DHABI, United Arab Emirates (AP) — Formula One has reached a new four-year deal with Pirelli as its tire supplier from 2020-23 inclusive.

F1 chairman and CEO Chase Carey says "we are delighted to have reached this agreement, which guarantees a long-term stable future."

The current partnership expired at the end of 2019.

As from 2021, F1 will move toward narrower front tires.

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Governing body FIA also wants its tires to degrade more slowly to encourage more aggressive driving.

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